$2,197 Closing Credit*
$185,000
1,449 SqFt
3 Beds
•1 Full Bath
Kara Saletta, Listing Office: Midtown Realty
Is Fredonia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fredonia was a Buyer's Market.
Key Takeaway
Fredonia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fredonia, NY
How much do homes in Fredonia, NY cost?
Median Sold Price
$179,900
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,950(+5.9%)
Key Takeaway
Homes in Fredonia have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Fredonia was $179,900 in October 2024, up 5.9% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | - | N/A |
| 2 Bedrooms | $112.8K | $125K | +10.8% |
| 3 Bedrooms | $169.9K | $178.4K | +5.0% |
| 4 Bedrooms | $179K | $209K | +16.8% |
| 5+ Bedrooms | $230K | $189.5K | -17.6% |
Summary: Fredonia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 17.6%.
Housing Supply in Fredonia, NY
How many homes are available in Fredonia, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 41 | -26.8% |
Summary: The Fredonia real estate market had 41 homes for sale in October 2024, a 26.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 18 | 12 | -33.3% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 16 | 10 | -37.5% |
Summary: The Fredonia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredonia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Fredonia in October 2024, down by 57.1% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Fredonia, NY
How long does it take to sell a home in Fredonia, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 91 Days | +228.0% |
Summary: Homes in Fredonia had an average of 91 days on market in Oct 2024, up by 228% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fredonia has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Fredonia; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
